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$1,450,000
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Property Description
570 W. 8th Street, an 8-unit apartment community located in San Pedro, California. Built in 1984, the property offers a rare combination of below-market cost basis, two immediate vacancy opportunities, and a well-documented rent correction story that positions the next owner to capture over 70,000 in additional annual gross income as the rent roll normalizes to market.
The Rent Correction Path: Immediate, Actionable, and Contractually Supported For occupied units, the path to market rents is two fold. First, the property is governed by California's AB 1482 Tenant Protection Act not the City of Los Angeles Rent Stabilization Ordinance, which applies only to buildings constructed on or before October 1, 1978. Under AB 1482, the current allowable annual increase is the lesser of 10% or 5% plus regional CPI, enabling meaningful and immediate progress toward market on existing tenancies. Second, and more significantly, vacancy decontrol is fully preserved under AB 1482 every unit that turns can be re-leased at full market rate with no ceiling.
Full Property Details
Full Property Details for 570 W 8th
General
- Price: $1,450,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26089556
- Updated: 8/19/2026
- Days on Market: 127 days
- Added to Site: 127 day(s) ago
Interior
- Interior Features: Balcony, 2 Staircases
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 12
- Parking Features: Garage Faces Front, Garage Faces Rear
- Parking: Garage Faces Front, Garage Faces Rear
Location
- Area: 699 - Not Defined
- County: Los Angeles
- Development Name: 699 - Not Defined
- Driving Directions: East of Gaffey St. and West of S Pacific Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 8
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Entry Location: 1
- Square Feet: 7,192
- Year Built: 1984
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size (Sq. Ft.): 5,001
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $201.61
- Price Per Unit: 181250
Listed by Justin White, Justin White
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Schools
Schools serving 570 W 8th
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Cabrillo Avenue Elementary School 732 S. Cabrillo Ave., Los Angeles, CA 90731 | K-5 | 0.3 mi |
Richard Henry Dana Middle School, Los Angeles, CA 1501 S. Cabrillo Ave., Los Angeles, CA 90731 | 7-8 | 0.6 mi |
San Pedro Senior High School 1001 W. 15th St., Los Angeles, CA 90731 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 570 W 8th
Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$1,450,000
-13.17%
MLS
4/24/2026
Listed
$1,670,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 570 W 8th
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,405
—
$873,248
2%
2025
$11,405
104%
$856,127
2%
2024
$5,599
-49%
$839,342
2%
2023
$10,998
4%
$822,885
2%
2022
$10,557
2%
$809,951
2%
2021
$10,395
-44%
$794,134
-45%
2020
$18,501
4%
$1,453,795
2%
2019
$17,792
1%
$1,422,153
2%
2018
$17,679
2%
$1,394,269
2%
2017
$17,273
3%
$1,366,931
2%
2016
$16,829
80%
$1,340,129
88%
2015
$9,348
—
$712,352
2%
2014
$9,391
—
$698,399
—
2013
$9,417
—
$695,244
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 570 W 8th
570 W 8th, San Pedro, CA 90731 (MLS# PW26089556) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 570 W 8th is currently listed for $1,450,000 and was received on April 24, 2026. Want to learn more about 570 W 8th? Do you have questions about finding other Multi-Family real estate for sale in San Pedro? You can browse all San Pedro real estate or contact a Coldwell Banker agent to request more information.

